IBM, Mercer form incubator alliance

Published on April 05, 2000.

IBM Corp. and Mercer Management Consulting have launched a joint venture to incubate new e-businesses. IBM and Mercer Management Consulting will provide advice to b-to-b and business-to-consumer companies, and help them locate venture capital sources. Big Blue and the New York-based consulting firm plan to incubate ``several dozen'' companies within the next few years, said an IBM spokeswoman. The deal's financial terms were not disclosed.